Dow Jones & Company Chooses Datastream 7i for Improved Asset Performance in Multiple Production Facilities
Worldwide Publisher of Business News and Information Including The Wall Street Journal Deploys Datastream 7i across 18 Locations in the United States
Greenville, S.C. – May 12, 2003 – Datastream Systems, Inc. (NASDAQ: DSTM) today announced that Dow Jones & Company (NYSE: DJ) is in the process of configuring and installing the Datastream 7i Web-architected enterprise asset management (EAM) solution. Dow Jones is using Datastream 7i to standardize maintenance and optimize the performance of capital assets across multiple production facilities located in the United States.
Dow Jones publishes the world’s most vital business, financial and economic news, including The Wall Street Journal with paid circulation of more than 1.8 million, and Barron’s, the premier financial weekly in the United States. The company is deploying Datastream 7i to help reduce plant downtime and increase operational efficiency.
“We will use Datastream 7i for a variety of reasons, first and foremost to improve and standardize the maintenance activities in our production sites,” said Michael F. Sheehan, vice-president of production for The Wall Street Journal.
Dow Jones selected Datastream 7i for its ability to meet business requirements, history of deployment success and Web architecture. Its multi-site capabilities will facilitate the transfer of asset and maintenance information across the Dow Jones facilities, because all maintenance employees will be working from the same central database. Datastream 7i allows for the use of key performance indicators (KPIs), presented as simple HTML graphics via Web services technology, providing executives with at-a-glance information on operational performance.
The multi-site deployment capability of Datastream 7i also enables cross-facility inventory optimization. For example, if one site is short on parts, user’s can check to see if the part is available from another location before submitting a rush order with a vendor.
“Publishers such as Dow Jones & Company have some of the most demanding uptime requirements of any industry; there is absolutely no room for delay when producing time-sensitive publications such as The Wall Street Journal,” said Larry Blackwell, president and CEO of Datastream. “With Datastream 7i, companies can standardize their processes across the enterprise, improve asset performance and minimize the expense of downtime.”
About Datastream Systems, Inc.
Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 60 percent of the Fortune 500. Datastream’s solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance.
By using Datastream’s solutions, customers can maintain and manage capital assets – such as manufacturing equipment, vehicle fleets and buildings – and create analyses and forecasts so they can take action to improve future performance. Datastream’s flagship product, Datastream 7i, delivers a complete Asset Performance Management infrastructure by combining an Internet architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability.
Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit http://www.datastream.net/.
About Dow Jones & Company
In addition to publishing The Wall Street Journal and its international and online editions and Barron’s, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.